New Construction Home Buying Tips
Home Buying Tips
The idea of buying a brand new house might be appealing to you as going directly to the builder and being the first to live in a home offers advantage. However, the process might be a bit daunting to many, but the more you understand and learn about the process, the easier it becomes. Here are a few tips to help.
#1: Thoroughly Research The Builder When Buying a New House
It is important to research the builder before committing. As a buyer you need to feel confident the builder is going to deliver as promised.
#2: Do Your Own Mortgage Research When Buying New Construction
When doing your mortgage research, it is crucial to find what options are available to you from multiple mortgage companies. You have to make sure you get the best deal possible when you’re looking to buy new construction.
#3: Negotiating The Best Price on a New Construction Home
Depending on the local housing market, don’t forget to negotiate. Having an experienced real estate agent by your side can help here as they will know how to get you the best deal on the property.
#4: Getting Guarantees on Your New Home
The design of your new construction home might exist on paper, but not in real life yet so you need to have guarantees in writing from your builder. With new constructions, it is crucial to get guarantees.
#5: New House Warranties
We know that with everything we buy, warranties are really important! If you are happy with your construction home and are ready to buy, consider the builder’s warranty. The builder might have their own home warranty, or it could be provided through another company, but whatever the case, you want to be clear on the details.
#6: Are Home Inspections Needed With New Construction?
Mistakes can still be made even on a new home, so even if you trust the reliability of your builder, ask for an inspection. Though the builder has followed the building code during construction, there can still be issues that you need to be aware of to save yourself from potential headaches down the line.
#7: The Final Walk-Through
You will also need to complete a final walk-through of the home before you sign the documents at closing. This will be shortly before closing, so be available for your final check of the home.
Navigating through the process of a home construction is no easy task, but with a close follow through you can ensure a successful home.
If you are interested in professional guidance through the home construction process, please contact me today.